Sunday, March 08, 2015

"Of course none of us are greedy; it's only the other fellow who's greedy."

"Like Sho'nuff from the Last Dragon, cash stacking up..." - LA COKA NOSTRA.  

It still cracks me up that a 2012 hip hop  track samples Milton Friedman.

Rose and Milton Friedman: ""Tell me is there some society you know that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed? Of course none of us are greedy; it's only the other fellow who's greedy. The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way. In the only cases in which the masses have escaped from the kind of grinding poverty you're talking about, the only cases in recorded history are where they've had capitalism and largely free trade. If you want to know where the masses are worst off, it's exactly in the kinds of societies that depart from that, so that the record of history is absolutely crystal clear: that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system." – From The Phil Donahue Show (1980)"

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